IRP-generated QR Code on B2B & Export Invoices, Credit & Debit
Notes
Vs.
Self-generated Dynamic QR Code on B2C invoices
It is observed that there are frequent queries on QR Codes to be mentioned
on invoices as per statutory provisions.
Below note summarizes the comparative position:
IRP-generated QR Code on B2B & Export Invoices, Credit & Debit
Notes:
As per Rule 48(4) of CGST Rules (inserted vide Notification No. 68/2019 – Central Tax Dated 13-12-2019
and read with other notifications), notified registered persons, in case
of B2B & Export supplies, have to prepare invoice by uploading
specified particulars in FORM GST INV-01 on Invoice Registration Portal (IRP)
and upon obtaining Invoice Reference Number (IRN). The Portal will also return
a QR Code which contains key particulars of the invoice including IRN.
While the 64-character IRN need not be printed on the invoice, the QR
code generated by IRP shall be printed on the invoice issued to the
buyer. (It was also clarified that printing of QR
code on separate paper is not allowed. While the printed QR code shall be clear
enough to be readable by a QR Code reader, the size and its placing on invoice
is upto the preference of the businesses.)
Self-generated Dynamic QR Code on B2C invoices
There is a separate Notification No.
14/2020-Central Tax dated 21st March, 2020 which mandates
entities with aggregate turnover > Rs. 500 crores in a FY to include QR code
on their B2C invoices. It was also specified that a Dynamic Quick
Response (QR) code made available to buyer through digital display (with
payment cross-reference) shall be deemed to be having QR code. In this case,
the QR Code is generated by supplier himself.
The purpose of this Notification is to enable and encourage digital
payments where buyer can scan the dynamic QR code and make payment from mobile
wallet directly. Today, many shops have static QR code at the payment counter
which is scanned by the buyer but the buyer has to enter the amount to be paid
to the shop (in the mobile payment App). The dynamic QR code, on the other
hand, will have the payment details and thus ‘scan and pay’ in one go
will be possible.
This requirement has no relevance or connection with e-invoicing
mandated for B2B Supplies and Exports by notified class of taxpayers.
Below table summarises the differences between two notifications:
Notification
No. |
14/2020-Central
Tax dated 21st March, 2020 |
68/2019
– Central Tax Dated 13-12-2019, 13/2020-Central
Tax dated 21st March, 2020 & 61/2020
Dt. 30-7-2020 |
|
1. |
Type of
transaction covered |
Supplies
made by a registered person to unregistered persons (also called B2C
supplies) |
Supplies
made by a class of registered persons to other registered persons and exports
|
2. |
Applicable
to whom? |
Registered
persons (GST taxpayers) having an aggregate turnover above Rs. 500 crore in a
financial year |
Registered
persons (GST taxpayers) having an aggregate turnover above Rs. 500 crore in a
financial year. |
3. |
Notification
highlights |
Issuance of
a QR Code on the invoice by above mentioned registered taxpayers for supplies
made to unregistered persons. The QR Code
is for the purpose of making payment by the unregistered person/Consumer to
such registered person making the B2C supply, using UPI-based payment Apps by
scanning the QR Code. |
Notified
registered persons, in case of B2B & Export supplies, have to prepare
invoice by uploading specified particulars in FORM GST INV-01 on Invoice
Registration Portal (IRP) and upon obtaining Invoice Reference Number (IRN). On upload
of e-invoice particulars on the Invoice Registration Portal (IRP), the
portal would return a QR Code also which will contain key details of the
invoice like the IRN, sellers’ and buyers’ GSTIN, taxable value and tax
amount, IRN, digital signature and dominant HSN of the invoice etc. |
4. |
QR code to
be generated by |
Supplier
himself either on the Point of Sale (PoS) machine or the Invoice issued. |
Generated
by the IRP and returned against the e-invoice details reported to IRP. |
5. |
Purpose |
To enable
payment using UPI by a mobile application by scanning of this QR Code. |
To embed
key particulars of reported invoice and to verify whether an invoice has
actually been reported to IRP or not and whether digital signature is intact
or tampered with. |
Reference of content:
https://einvoice1.gst.gov.in/Documents/B2B_einvoiceQRCodevsB2CDynamicQRCode.pdf
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